Quizlet real estate practice exam

Study with Quizlet and memorize flashcards containing terms like Which method of describing land is NOT used in North Carolina?, In North Carolina, the last day that real estate taxes for the current year may be paid without penalty is, A description of property that reads "Beginning at the large oak tree on the northern line of State Road 18, approximately one mile west to the intersection of ...

17. Study with Quizlet and memorize flashcards containing terms like Which of the following is exempt from the Natural Hazards Disclosure?, Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see their dream home.This free practice test will give you an idea of the types of questions that will appear on a real estate broker licensing exam. All states require real estate brokers to take an …Real estate Practice exam 1. Get a hint. C. community development district. Click the card to flip 👆. An independent special district authorized by statute to issue bonds to raise funds to construct infrastructure for a residential development is. A. community association. B. special tax district. C. community development district.This type of governmental action is known as. Study with Quizlet and memorize flashcards containing terms like Bob was appointed by a court to sell an orange grove near Tampa. Bob can:, During the week, Jane works for Dolphin Realty, Inc. as a sale associate. On weekends, she holds open house for Grouper Homes and is paid a 2% commission ...The Missouri Real Estate Commission was created by an act of the 61st General Assembly and approved by the governor on July 31, 1941. The Commission consists of seven voting members. Six of those members must have at least 10 years experience as real estate brokers. A public member serves as the seventh member.

79 of 79. Quiz yourself with questions and answers for Tennessee (state exam)Real Estate, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.the term used by lenders when the maximum rate of interest allowed by law is obtainable on financing a property. it is the rate of interest specified in the promissory note. Quiz yourself with questions and answers for Real Estate Practice Exam 2, so you can be ready for test day.Louisiana Real Estate Practice Exams (National) 151 terms. CJS701. Preview. FINAL REAL ESTATE ( STATE) 61 terms. mya0818. Preview. Legal Environment Final. 36 terms. carolineqsmith. Preview. ADM OF JUSTICE Chapter 4 Quiz. 6 terms. zodnos. ... Quizlet for Schools; Language Country. United States ...Availability and affordability. The real estate cycle is affected primarily by _______ . Compare the competition to the rates, condition, amenities, and location of the owner's property. To develop a marketing plan for the property owner, the property manager should ______. $450,000. b) Legal life estate. c) Fee simple defeasible estate. d) Tenancy by the entirety's. a) conventional life estate. One difference between a cooperative estate and a condominium estate is that: a) a condominium owner owns a unit of air space whereas the co-op owner owns a proprietary lease. b) A condominium sale adversely affects other unit owners.

National Pearson VUE Real Estate Exam Prep. A broker lists a property and begins marketing it. The seller sells the property to a neighbor and upon closing pays the broker a full commission. What type of listing agreement did the brokerage firm have with the seller?Study with Quizlet and memorize flashcards containing terms like "Diligent visual inspection" requirements, along with the seller's mandatory disclosure of specified items and any known adverse material conditions, is included in which disclosure form? - Smoke Alarm Disclosure - Fire Hazard Disclosure - Transfer Disclosure Statement (TDS) - None of the answers are correct, In California, the ... She must complete 60 hours of Alabama pre-licensing education. She must deactivate her current real estate license. She must enter into a written co-brokerage agreement. She must pass the licensing exam with a minimum score of 80%. 20 of 100. Term. Damian, a salesperson, is interested in being a qualifying broker. Knowing this, you should. Explain to the seller your obligation under law that the defect must be disclosed to potential buyers. Ohio Real Estate Practice Exam. Get a hint. A real estate agent is found guilty of a fair housing law violation, the agent's broker is. Click the card to flip 👆. liable only if the broker knew of the actions of the ...easement appurtenant. carpenter ants. mediation. 20 of 20. Quiz yourself with questions and answers for Real Estate national practice exam questions, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.In Georgia, the Landlord's eviction of a tenant is generally known as: a DISPOSSESSION. Real property legal descriptions in Georgia can be based on all of the following EXCEPT: Land Lots, Township, Georgia Militia Districts, Districts. EXCEPT, Township. Under Georgia law, to claim adverse possession, the claim Must be: Must be, Accompanied by a ...

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National Pearson VUE Real Estate Exam Prep. A broker lists a property and begins marketing it. The seller sells the property to a neighbor and upon closing pays the broker a full commission. What type of listing agreement did the brokerage firm have with the seller?Study with Quizlet and memorize flashcards containing terms like A rectangular lot contained 17,550 square feet. It measured 150 feet deep. A man wanted to build a store and needed more land. He could buy one lot on each side of this lot. Each of the side lots was the same size and the same shape. Each was 150 feet deep. Each contained 6,000 square feet. If he purchased all three lots, what ...Study with Quizlet and memorize flashcards containing terms like To qualify for a real estate salesman license in Alabama, a person must:, Broker Mary Hart operates a brokerage business within the corporate city limits of Montgomery. Hart:, Under Alabama law, a licensee is prohibited from all of the following except: and more.Chapter 14 BoB test - Contracts for the sale of Real Estate. Missouri Real Estate Practice Exam. Macro Graphs. chapter 12 quiz. CB #1 "The Real Estate Business" test. Chapter 15. Intro to Business Themes 5 & 6. Profits. Study with Quizlet and memorize flashcards containing terms like Which of the following professionals involved in the real ...118 of 183. Definition. 1) Prior to the closing of sale, the seller must give the buyer a statement regarding the condition of the property. 2) If a real estate agent is involved in the sale, the agent must also do a physical inspection and report his or her findings. 3) All parties sign the form.

85 of 85. Quiz yourself with questions and answers for Missouri Real Estate Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.8 feet x 9 feet x 12 feet= $864/2= 432 cubic ft x $1.82= $786.24. On Monday, a seller offers to sell his residence to a buyer for $152,000. on Tuesday the buyer counteroffers to buy the property for $150,500. On Friday, the buyer withdraws his counteroffer and accepts the seller's original price of $152,000.Listed below are all of our real estate practice exams. Make sure to use the answer explanations at the end of each exam to better understand complex concepts. Real Estate Practice Exam #1. Real Estate Practice Exam #2. Real Estate Practice Exam #3. Real Estate Practice Exam #4. Real Estate Practice Exam #5.Study with Quizlet and memorize flashcards containing terms like If an applicant for a sales license engages in a brokerage transaction, the applicant: a. may be paid for the transaction, after he gets his license b. may face criminal charges resulting in fine and/or jail c. is following standard operating procedures d. is ineligible for a license for 2 years, An unlicensed assistant is hired ...As a real estate salesperson, I am practicing ____ agency. special. As a property manager, I am practicing ____ agency. general. In estate planning, I am practicing ____ agency. universal. What would you call a situation where I represent the seller as my client but then work in the best interests of the buyer (my customer) undisclosed dual ...Study with Quizlet and memorize flashcards containing terms like What kind of mortgage involves two or more properties pledged as security for repayment of a loan?, The rate at which a bank can obtain an overnight loan from another bank without providing collateral is called the ______ rate., Vicky and Lee vacation in Cancun, Mexico every year. They …Study with Quizlet and memorize flashcards containing terms like Unilateral Contract, Bilateral Contract, Client/Principal and more. ... NATIONAL REAL ESTATE EXAM PRACTICE TEST. 164 terms. talyn_provo1. Preview. PSI National Exam for Real Estate. 544 terms. TashaNichole30. Preview. 3.6 Civil Rights. Teacher 10 terms. Charndra_Carias. Preview.real estate practice exam. 1. Seller employed Broker to sell his property in Astoria Park. Broker subsequently negotiated a contract whereby Seller and Buyer agreed to sell and buy the property in Astoria Park. The contract was prepared and typed in Broker's office. As there were numerous conditions and terms that had been agreed upon by Seller ...If a buyer makes a 15% down payment and obtains a $120,000 mortgage, what is the sales price of the property? $141,176. Study with Quizlet and memorize flashcards containing terms like In most cases, broker compensation, as a percentage of home price, falls somewhere between:, A Christian organization owns a fourplex.

Study with Quizlet and memorize flashcards containing terms like While fannie mae considers total housing debt to income ratios in its underwriting process, freddie mac considers, an insurance score above (a. 500, b. 660, c. 770 or d.800) should be considered a good score., carmen has a buyer client who's paid earnest money to reserve a site in a new construction development.

easement appurtenant. carpenter ants. mediation. 20 of 20. Quiz yourself with questions and answers for Real Estate national practice exam questions, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Study with Quizlet and memorize flashcards containing terms like Special or Specific Agency, General, Designated agency and more. ... Alabama Real Estate Exam Prep. Teacher 577 terms. Crystal_Dukes. Preview. Real Estate Terminology NATIONAL. 194 terms. gracieleaxh. Preview. Practice Test. 100 terms. andrea_young33.Study with Quizlet and memorize flashcards containing terms like Real versus personal property, Physical characteristics of land, Metes and Bounds and more. ... Real Estate Exam Review Test Mississippi. 168 terms. camodude2015. Preview. Mississippi Practice & REAL Exam Questions. 91 terms. jvaleriereynolds. Preview. Contacts Fall 2023 Final ...Study with Quizlet and memorize flashcards containing terms like A broker brings his seller an offer from a potential buyer if the seller asked about the buyers race, the broker:, A broker received an offer with a deposit for one of his listings. The seller excepted the offer. But before the transaction closed, the buyer and seller mutually agreed to cancel it. The buyer request the return of ...A form of ownership in which a corporation is established to hold title to property and to lease the property to shareholders in the corp. Real-estate owned by one individual. grants ownership in land for the lifetime of a specified person. Definitions / terms Learn with flashcards, games, and more — for free.Study with Quizlet and memorize flashcards containing terms like Answer: C The writ of execution is a court order instructing the officer of the court to carry out the decision of the court. It is used in a judgment where the sheriff is told to seize a debtor's property so that it can be sold to pay off a debt., Answer: A A construction lien is given as security to those who perform labor or ...After deducting $5,100 in closing costs and a 6.5% brokerage fee, the seller netted $175,500. Rounding your answer to the nearest dollar, what was the selling price?*. $193,155. Illinois Real Estate; Practice Exam - 05 (75%) Learn with flashcards, games, and more — for free.

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37 of 37. Quiz yourself with questions and answers for Real Estate Appraisal Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Study with Quizlet and memorize flashcards containing terms like The science that describes the management, creation, and study of money, banking, credit, investments, assets, and liabilities is, Most real estate cycles in Texas are determined by:, _____ measure(s) the wealth and resources of a particular area or region, as well as production and consumption. and more. 320 acres. John bought a waterfront lot with a setback requirement of 50 feet from the street. The lot is only 100 feet deep and drops off sharply at the water edge. John's architect tells him that they can build the dream house on the property if the setback were 35 feet. John applies to the city for a. variance. NC Real Estate Exam Practice Questions. 31 terms. cupcakeangel365. Preview. Worshipping God in times of trouble. 6 terms. pwarren25. Preview. act 2 english vocab. 10 terms. jacob_roth81. Preview. Real Estate NC exam . Teacher 206 terms. quizacc13. ... Quizlet for Schools; Language Country. United States ...Study with Quizlet and memorize flashcards containing terms like The list of potential clients that an agent contacts on a regular basis, Errors and Omissions insurance is meant to protect whom from liability, A salesperson who receives all (or nearly all) of the commission earned from a real estate transaction: and more.49 of 49. Quiz yourself with questions and answers for Texas Real Estate Finance Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Study with Quizlet and memorize flashcards containing terms like The real estate marketplace is a stratified marketplace. Stratified means that:, Most real estate agents are involved primarily in the sale of:, The IRS will treat the real estate salesperson as an independent contractor if 3 criteria are met. These criteria include: and more.Superior School of Real Estate Practice Final Exam Questions. Who creates FEMA maps? Click the card to flip 👆. Army Corps of Engineers. (Borrowers who obtain a federally related mortgage must obtain a flood certification. If the certification shows that the property is located in a flood zone, then flood insurance will be required) Click the ... ….

If you're preparing for the civil service exam, this page can help you gain insight into how the test works and how you can succeed. Written by Evan Thompson Contributing Writer Le...Study with Quizlet and memorize flashcards containing terms like Regulatory Powers, Judicial Powers, Administrative Powers and more. ... Tennessee National Portion REAL ESTATE EXAM. 1,513 terms. MSgirl369. Preview. Tennessee Real Estate Exam. 143 terms. realestatebysheena. Preview. ... Practice Questions. 10 terms. Hayden6205. Preview. Civ Pro ...Study with Quizlet and memorize flashcards containing terms like When testing the conduct of an agent while engaged in real estate related activities, the independent contractor (IC) provision in the broker-agent employment agreement cannot and does not change the sales agent's classification as:, An outside salesperson is defined as a person who regularly works, An agent needs to collect ...Study with Quizlet and memorize flashcards containing terms like the real estate licensing authority in Indiana is the, Under what law are Indiana real estate broker license issued?, Which of the following is NOT a sanction taken by a regulatory board against a licensee for violating real estate law? and more. ... Indiana State Practice Exam ...Existing - 3 years. New - 5 years. Study with Quizlet and memorize flashcards containing terms like What is the maximum fine amount that the Department of Commerce may issue?, Does the commerce hear disputes between the broker and salesperson?, Who must have a real estate license in Minnesota? and more.7 days. 30 days. Don't know? 34 of 34. Quiz yourself with questions and answers for New Mexico Real Estate Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Study with Quizlet and memorize flashcards containing terms like the real estate licensing authority in Indiana is the, Under what law are Indiana real estate broker license issued?, Which of the following is NOT a sanction taken by a regulatory board against a licensee for violating real estate law? and more.Study with Quizlet and memorize flashcards containing terms like $993.75, Withdraw from the listing agreement, NOI ÷ value (or price). and more. ... Real Estate Practice Exam Principles 1. 48 terms. Janiya04213. Preview. Social studies Map Vocab. 12 terms. SIH1314. Preview. Natural Resources. Teacher 13 terms. GerberJon. Quizlet real estate practice exam, Pennsylvania Real Estate Exam - Practice Questions. Get a hint. Harrisburg resident Joseph Bell has worked full-time for Larry Keen, who is the builder-owner of dozens of homes just outside of Harrisburg. Joseph is Larry's "right-hand man," and Larry has given him permission and the authority to take on many of Larry's tasks., Study with Quizlet and memorize flashcards containing terms like Geraldine runs a credit report on William, an applicant wishing to become a tenant in one of her units. Based on William's credit report, Geraldine decides to reject William's application. The Fair Credit Reporting Act states Geraldine MUST:**, Rory wants to invest some of his money. He …, 1. The address of the property that is being managed. 2. the duration of the agreement. 3. the property manager's compensation terms. A _____ working at a brokerage is exempt from holding an Arkansas real estate license. bookkeeper. Cami is a property manager for a four unit property in Bentonville., Study with Quizlet and memorize flashcards containing terms like Why do people go into real estate sales? a. High earning potential b. Independence c. Flexible schedule d. All of the above, Real estate salespeople are paid when: a. they obtain a listing. b. one of their transactions closes. c. the broker receives the earnest money deposits from the buyer. d. …, If the seller and buyer have a legal dispute reguarding the approved contract to buy and sell real estate what must they do. Submit the matter to mediation and seek resolution within 30 days. Lead based paint disclosure is required. For residential property in which a building permit was issued before January 1, 1978., 44 of 44. Quiz yourself with questions and answers for Oklahoma Real Estate Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material., 42 of 42. Quiz yourself with questions and answers for Real Estate Exam Prep, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material., Earnest money is sometimes referred to as a "down payment on the ______." Down payment. Joe and Emma Parsons begin informally working with their neighbor Kyle, who's a real estate licensee, to find a bigger house. The parties have not signed any agreements or discussed the arrangements. This is an example of a (n) ______ agency agreement., 44 of 44. Quiz yourself with questions and answers for Oklahoma Real Estate Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material., Study with Quizlet and memorize flashcards containing terms like Personal property that, by its attachment to real property, is regarded as real estate is called: A. an emblements B. personalty C. a fixture D. an appliance, What is the main purpose of police power? A. to protect the health, safety, and welfare of the community B. to prevent people from committing crimes C. to put out fires D ... , Study with Quizlet and memorize flashcards containing terms like What is the state intangible tax when a buyer assumes a mortgage of $60,000 and takes out a new mortgage of $20,000?, If the Federal Reserve votes to lower the discount rate, how will this likely affect interest rates on short-term credit?, A subject property has four bedrooms. A comparable …, 1. be 18, 2. complete 30 hour pre-license course, 3. criminal background 4. 30 hour Kansas Practice Course 5. No more than 6 months after exam file application for license, 6. character references. supervising or branch broker changes name, change of location of office, licensee is dismissed for violation of the law., Mike, Ike, and Spike each own a portion of the stock. Mike & Ike Realty is a legal entity of its own. Mike is involved in a ______. Corporation. With this type of loan, personal property is included with the real property in the sale. It's commonly seen in commercial real estate, but you may also see this in the sale of furnished condominiums., To help contribute to any future changes or revisions in the agency disclosure office policy. Quiz yourself with questions and answers for Alabama (STATE) Real Estate Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material., A) Every two years on August 31 of even-numbered years. B) Every two years on September 30 of odd-numbered years. C) On her birthday. D) On the anniversary of the date Tammy's license was issued. A) Every two years on August 31 of even-numbered years. Jessica has just taken her Alabama real estate license exam., The single agent only represents one client in a transaction. 20 of 20. Quiz yourself with questions and answers for Indiana real estate practice test questions, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material., Study with Quizlet and memorize flashcards containing terms like 1. When must a written no brokerage relationship notice be provided to customers?, 2. Which of the following can not be used by the federal reserve to change or control the money supply?, 3. A broker has an exclusive right of sale listing to sell an owner's property, with no other authority granted. …, a tying arrangement. a market division. Don't know? 98 of 98. Quiz yourself with questions and answers for Real Estate Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material., A written opinion of the value of real property, often requested by relocation companies and lenders involved in short sales of distressed properties. Real Estate licensees who engage in the sale, purchase, or lease of a business. The Real Estate activity dealing in the sale, purchase, or lease of businesses., Study with Quizlet and memorize flashcards containing terms like Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price difference?, How does a creditor who has obtained a judgment get ..., An owner of land that borders a non-navigable stream: a. owns the land up to the mean high water mark. b. owns the entire stream and the land under it. c. owns the land under the water to the exact center line of the waterway. d. does not own the stream since it is a public waterway. c. owns the land under the water to the exact center line of ... , Study with Quizlet and memorize flashcards containing terms like A succession of conveyances from one owner to another from a certain point in time is:, Mr. Jones has a fee simple estate. He leases his property to Mr. Rios for 10 years. Mr. Jones has:, The origins of agency relationships began in the United States when the first real estate act was passed in: and more., Prevents disclosure that the seller will accept a price less than the asking or listed price; that the buyer will pay a price greater than the price submitted in a written offer; of the motivation of any party for selling or buying a property; that a seller or buyer will agree to financing terms other than those offered; or any other information requested by a party to remain confidential., 20 of 20. Quiz yourself with questions and answers for Real Estate finance practice exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material., Study with Quizlet and memorize flashcards containing terms like A _____ is a permanent change in one or more of the terms of a borrower's loan. ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. CPA Auditing. Teacher 18 terms. John_Johnson7592. Preview. ACCT 450 - Chapter 11. 16 terms. coffeefan123., Terms in this set (28) A real estate sales agent may be employed by: Their broker. As a prerequisite to an agents use of an income and expense data worksheet, the agent asks a prospective broker: The price range of property the agent is most likely to list and sell. A (blank) occurs when a broker or their agent has a professional or personal ... , 8 feet x 9 feet x 12 feet= $864/2= 432 cubic ft x $1.82= $786.24. On Monday, a seller offers to sell his residence to a buyer for $152,000. on Tuesday the buyer counteroffers to buy the property for $150,500. On Friday, the buyer withdraws his counteroffer and accepts the seller's original price of $152,000., Geography and Economics. 37 terms. aryasellenger. Preview. Economics - 1.1. 48 terms. Chloe_MAKINSON3. Preview. Study with Quizlet and memorize flashcards containing terms like What agency issues real estate licenses?, At what age can you become a real estate salesperson?, Do you need experience in the field to become a salesperson? and more., Real Estate Practice Quiz: Chapter 1 - Getting Started in Real Estate. Which of the following statements is TRUE about mobile home sales? Click the card to flip 👆. Both a real estate agent can sell a mobile home in a rental park space and a real estate agent can sell a mobile home with the land it is sited on. Click the card to flip 👆., Study with Quizlet and memorize flashcards containing terms like A professional opinion of a property's market value, based on established methods and using trained judgement, is performed by A. A real estate attorney B. A real estate appraiser C. A real estate counselor D. A home inspector, In general, when the supply of a certain commodity increases A. Price tends to rise B. Price tends to ..., The Tennessee Real Estate Broker License Act of 1973 protects consumers against real estate licensees who ______. 1. Are ambitious, gregarious, and use heavy amounts of advertising to sell real estate. 2. Are new to real estate and aren't familiar with all the ins and outs of a real estate transaction. 3., Study with Quizlet and memorize flashcards containing terms like Why do people go into real estate sales? a. High earning potential b. Independence c. Flexible schedule d. All of the above, Real estate salespeople are paid when: a. they obtain a listing. b. one of their transactions closes. c. the broker receives the earnest money deposits from the buyer. d. the buyer and seller open escrow ... , Study with Quizlet and memorize flashcards containing terms like In the sale of property, there is often confusion over whether an item is a fixture or personal property. ... Real Estate National PSI practice exam 2. 80 terms. raborngunnar. Preview. PSI Practice Exam-Examples. 72 terms. blythecooper. Preview. Community Property. 75 terms ...